半年盈利近33亿元！船厂“亏损王”彻底翻身

Core Viewpoint - Hanwha Ocean has successfully turned around its financial performance, achieving significant profitability in the second quarter of this year, driven by a strategic focus on high-value ship types amid a global shipping market "super cycle" [2][3]. Financial Performance - In Q2, Hanwha Ocean reported operating revenue of 32,941 billion KRW (approximately 2.37 billion USD), a 30% increase year-on-year; operating profit reached 3,717 billion KRW (approximately 276 million USD), reversing a loss of 97 billion KRW from the previous year [2][3]. - For the first half of the year, the company achieved cumulative operating revenue of 64,372 billion KRW (approximately 4.63 billion USD) and operating profit of 6,303 billion KRW (approximately 453 million USD) [2]. - Full-year revenue is projected to reach 129,220 billion KRW (approximately 9.3 billion USD), with operating profit expected to be 11,004 billion KRW (approximately 790 million USD), representing increases of 20% and 363% respectively compared to last year [3]. Business Segments - The commercial ship segment, which had previously incurred a loss of 434 billion KRW, achieved an operating profit of 3,771 billion KRW (approximately 2.7 billion USD) in Q2, significantly contributing to overall performance improvement [3]. - The operating profit margin for the commercial ship segment improved from -2.1% to 13.4%, attributed to a higher proportion of LNG carrier construction [3]. - The special ship (military) segment generated revenue of 2,368 billion KRW (approximately 1.7 billion USD) in Q2, a 22% decrease quarter-on-quarter, with operating profit of 183 billion KRW (approximately 9.45 million USD), down 56% due to the completion phase of a submarine project [4]. - The offshore engineering segment reported revenue of 2,881 billion KRW (approximately 2.07 billion USD), a 24% increase quarter-on-quarter, but operating profit fell to 2 billion KRW (approximately 103 million USD), a 93% decrease due to project delays [4]. Historical Context - In 2021, the predecessor of Hanwha Ocean, Daewoo Shipbuilding, reported an operating loss of 17,547 billion KRW (approximately 14.24 billion USD), marking a significant downturn in performance [5]. - The company continued to face losses in 2022, with an operating loss of 16,135 billion KRW (approximately 12.44 billion USD), but the loss amount decreased by 8% compared to the previous year [5]. - In 2023, after being acquired by Hanwha Group and rebranded, Hanwha Ocean reported operating revenue of 74,083 billion KRW (approximately 5.7 billion USD), a 52.4% increase, and a reduced operating loss of 1,918 billion KRW (approximately 1.48 billion USD) [5]. Future Outlook - For 2024, Hanwha Ocean is expected to achieve operating revenue of 107,760 billion KRW (approximately 79.4 billion USD), a 45.5% increase, and operating profit of 2,379 billion KRW (approximately 1.75 billion USD), marking a return to profitability for the first time since 2021 [6].